27/01/2014 (Agence Europe) - EIB loan to modernise hotel infrastructure in Croatia. Last week, the European Investment Bank (EIB) announced that it was to lend €25 million to fund the renovation and enlargement of hotel infrastructure on the Adriatic coast, near Dubrovnik. The EIB loan will go to the Croatian Bank for Reconstruction and Development (HBOR - Hrvatska banka za obnovu i razvitak), to be onlent to Hoteli Dubrovacka Rivijera d.d., the project promoter and the final beneficiary of the loan. The project involves the modernisation and rehabilitation of two existing hotels, including the corresponding tourism accommodation and leisure facilities, and the reconstruction of another hotel which has remained destroyed as a result of significant war damage in the early 1990s. (OL/transl.fl)